Mark's Repair Shop - Balance Sheet and Income Statement Balance Sheet Mark's Repair Shop Balance Sheet September 30, 20- Liabilities Assets Cash Accounts 6500 Accounts Payable 7 350 8100 Bank Loan 11 050 Receivable Supplies 500 110 000 Mortgage Payable Parts Inventory 4000 $128 400 Total Liabilities Equipment 25 500 175 000 Owner's Equity Building and Land Mark Bianchet, Equity $ Total Liabilities and Total Assets Owner's Equity $219 600 Income Statement Mark's Repair Shop Income Statement For the month ending September 30, 20- Revenue Repairs Revenue $9.900 Total Revenue $9.900 Expenses Salaries $2600 Rent 2000 Advertising 850 Supplies 185 Utilities 235 Insurance 150 Delivery Expense 770 Total Expenses Net Income $ How much money does Mark's Repair shop owe on the company's mortgage? $128 400 $110 000 $91 200 $6790 What is Mark's Equity in his Repair Shop? * $91 200 $3110 $219.600 $9900 What is the largest Expense for Mark's business? Insurance Mortgage Payable Building & Land Salaries What is the Total Expenses for Mark's Repair Shop?" 56790 $219 600 $3110 $128 400 polet 1 point Spom poin